The Enterprise and Economic Development Glossary corporation: ... a group with enterprise interests having powers and liabilities as defined by law; a corporate group (business group) or united associates as top officials and/or owners of the enterprise (see the definition of corporate infrastructure as well as the the meanings of corporate-level and corporate management below). For more information about the definition of corporation, cut and paste the following italicized text line to the following search engine, keeping the quotation marks intact: definition of "corporate enterprise" corporate infrastructure ... the foundation and framework that
holds an organization together; that which unites the functioning
group within an enterprise; the infrastructure of
a business
operation. ... the corporate infrastructure
where top business
decision makers are located; the autonomous headquarters
of a corporation where its
unit managers report, seek guidance and obtain approvals.
In other words, the corporate level is where administration,
planning, and ultimate decision making takes place as well
as where there is reporting to owners. ... the individual or group located at the corporate-level (see above) in charge of running an enterprise. Corporations typically have specialists working between the owner(s) and hourly employees. Management may not all be located in the same place. For example, executives and people with titles such as general manager are typically located with the operations they are responsible for. Enterprise development decisions are made at corporate. See the Business section of the Enterprise and Economic Development Library
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12/19/2009 |